BRDE expands line of credit to Chipus under MPME

Chipus had approved by BRDE (Banco Regional de Desenvolvimento do Extremo Sul) a new line of credit for R&D project investments. This is the second time Chipus has BRDE as a funding partner to Chipus’ developments of new products. The funding is supported under the ‘BNDES MPME Inovadora’ Program – more info on this program at: http://www.bndes.gov.br/SiteBNDES/bndes/bndes_en/Institucional/Press/Noticias/2014/20140403_mpmes.html) – and had BRDE as an intermediate partner of BNDES (Brazilian Bank of Development). Chipus already had in 2014 approved a first round funding to support the development of three innovative projects (http://overbr.com.br/midia-corporativa/abes-e-brde-divulgam-balanco-da-linha-de-credito-bndes-mpme-inovadora). These credit lines are given just to companies that complies with a big list of innovative parameter indicators (including patents). The credit conditions of interest rate, term and grace period of the loan are certainly the best compared to the ones offered by other banks in Brazil.